Loading chat...
NC S488
Bill
AI Summary
- Exempts motorcycle financing from balloon payment restrictions under G.S. 25A-34
- Allows scheduled payments on motorcycle sales to exceed the 10% limit on larger payments (25% limit on final payment) that applies to other consumer credit sales
- Defines motorcycles according to G.S. 20-4.01(27)d
- Effective upon enactment and applies to contracts entered into on or after the effective date
Legislative Description
Motorcycle Financing Changes
Last Action
Ref To Com On Rules and Operations of the Senate
3/30/2017
Committee Referrals
Rules and Operations of the Senate3/30/2017
Full Bill Text
No bill text available